Amplify Energy (NYSE:AMPY) Issues Quarterly Earnings Results

Amplify Energy (NYSE:AMPY) released its quarterly earnings data on Wednesday. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.17), Zacks reports. Amplify Energy had a net margin of 20.99% and a return on equity of 16.22%. The company had revenue of $69.02 million for the quarter, compared to the consensus estimate of $76.04 million.

Amplify Energy Stock Down 14.6 %

Shares of AMPY opened at $3.79 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $150.85 million, a price-to-earnings ratio of 2.46 and a beta of 1.88. Amplify Energy has a 1 year low of $3.54 and a 1 year high of $8.15. The business’s 50 day simple moving average is $5.48 and its 200-day simple moving average is $6.22.

Analyst Ratings Changes

Separately, Benchmark reiterated a “buy” rating and issued a $11.00 price target on shares of Amplify Energy in a report on Thursday, January 16th.

Amplify Energy Company Profile

Amplify Energy Corp., together with its subsidiaries, engages in the acquisition, development, exploitation, and production of oil and natural gas properties in the United States. The company’s properties consist of operated and non-operated working interests in producing and undeveloped leasehold acreage, as well as working interests in identified producing wells located in Oklahoma, the Rockies, federal waters offshore Southern California, East Texas/North Louisiana, and Eagle Ford.